I'm still new at this credit repair thing so please bear with me! I seen several references to hard or soft inquiries, what's the difference between the two? Thanks!
"HARD" is points against your score... "SOFT"~~~AR~~PRM~~AM...they say it doesn't hurt your score...only YOU see them...
Your report will categorize hard and soft inquiries separately. Hard inquiries happen whenever you apply for credit, a job or insurance. Soft inquries are seen by you only and include: 1. AR- account review by an existing lender/creditor 2. PRM, promotional review by junk mailers, etc)
A hard inquiry is incurred (usually) when you apply for credit. A soft inquiry is when either a credit card company (one that you have an account with) does an AR or acccount review of your other credit obligations, or PRM, promotional inquiry, which is when a company receives your name and address from the CRA when your name "fits" a specific criteria
"HARD" when you apply for credit... JOB???? you are a BAD worker if you have BAD credit??? INSURANCE??? BAD credit=BAD driver???
GEORGE, To get certain jobs in the financial sector, you must get criminal, consumer as well as credit checks.
I have to have them (insurance agent). They even take my fingerprints. Brokers, lots of jobs require it.
